US President Biden Raises Minimum Wage To $15/N5,700 Per Hour, That Is N4.2 Million Per Month

Date: 28-04-2021 11:57 am (3 years ago) | Author: Bayo Nelson
- at 28-04-2021 11:57 AM (3 years ago)
Online (m)

United States President, Joe Biden, has raised the minimum wage of those working on federal contracts to $15 per hour which is equivalent to N5,700 at the official exchange rate of N379 per dollar. This means that each worker would be able to go home with $10,950 monthly (N4.2 million).

This comes amid debates in Nigeria over the N30,000 minimum wage per month for workers which is equivalent to $66. Biden took to his official Twitter account on Tuesday, to inform all workers in America of the development.

He wrote; “I believe no one should work full time and still live in poverty. That’s why today, I raised the minimum wage to $15 an hour for people working on federal contracts.” Meanwhile, recall that in 2019, President Muhammadu Buhari forwarded an executive bill to the National Assembly for amendment of the National Minimum Wage Act after prolonged and heated negotiations between the workers, employers and the government.

Buhari signed the passed bill into law in April 2019, raising the minimum wage from N18,000 to N30,000. Some states have, however, been unable to pay the new wage.

Posted: at 28-04-2021 11:57 AM (3 years ago) | Addicted Hero
- GermoDon at 28-04-2021 02:14 PM (3 years ago)
(m)
Make Una no dey confused people here and it's same like our Govt official earning More than non governmental worker's...so wetin be the News here?
Posted: at 28-04-2021 02:14 PM (3 years ago) | Gistmaniac
Reply
- Femolastic at 28-04-2021 04:55 PM (3 years ago)
(m)
Country wey Sabi better thing...  Grin ride on Mr president

Our own here ehn  Cry Cry
Posted: at 28-04-2021 04:55 PM (3 years ago) | Newbie
Reply
- proly at 29-04-2021 12:05 AM (3 years ago)
(f)
naijapals stop deceiving people $15 minimum wage you can’t work more than 40 hours a month and  this pay is before tax and 15X8=120 120x5=600 by the time they take off all the tax you might end up going home with 450 or 500 depending on the state then times 600x4
Posted: at 29-04-2021 12:05 AM (3 years ago) | Hero
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